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- Title
Why Firms Form (or do not Form) RJVS.
- Authors
Röller, Lars-Hendrik; Siebert, Ralph; Tombak, Mihkel M.
- Abstract
In this article, we examine why it is difficult to induce firms to form Research Joint Ventures (RJVs). We examine various incentives and disincentives for RJV formation by estimating an endogeneous switching model using data from the US National Cooperative Research Act. The empirical findings support hypotheses that firms of different sizes have disincentives to form RJVs and that cost-sharing is an important incentive for RJV participation.
- Subjects
STRATEGIC alliances (Business); JOINT ventures; GROUP work in research; COST allocation; LABOR incentives; BUSINESS enterprises
- Publication
Economic Journal, 2007, Vol 117, Issue 522, p1122
- ISSN
0013-0133
- Publication type
Article
- DOI
10.1111/j.1468-0297.2007.02069.x